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Goodrich Petroleum Announces Letter Of Intent To Sell A Non-Core East Texas Asset For $95 Million

HOUSTON,
Aug. 6, 2012 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) has entered into a letter of intent to sell its
South Henderson field in
Rusk County, Texas for
$95 million, with an effective date of
July 1, 2012 and an estimated closing date of
October 1, 2012. This transaction is contingent upon the negotiation and execution of a definitive purchase and sale agreement containing customary terms and conditions.

Goodrich Petroleum is an independent oil and gas exploration and production company listed on the New York Stock Exchange.

SOURCE Goodrich Petroleum Corporation

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